Jump in key inflation gauge may delay mortgage rate relief
Futures markets still hold out hope for a March rate cut, even as annual inflation increased to 3.4% in December, moving away from the Fed's 2% goal for the first time since September
by Matt Carter Jan 11
Queens is poised to unseat Brooklyn as hottest NYC borough
A new report from StreetEasy suggests that the World's Borough will be crowned the hottest borough in New York City after a stellar 2023
by Ben Verde Jan 11
Declining mortgage rates bring new-year market thaw: Redfin
Mortgage purchase applications and new listings have improved in recent weeks, thanks to a 25% decline in mortgage rates from October's peak of nearly 8%
by Marian McPherson Jan 11
The best time for buyers in Manhattan to pounce? Right now
Manhattan has been experiencing a buyers' market since the summer of 2022, a new report argues, but the winds are about to shift
by Ben Verde Jan 10
Buyers take rebound in mortgage rates in stride as lenders tighten
Demand for purchase loans picked up last week as would-be homebuyers took advantage of rates that are still a full percentage point lower than 2023 highs, MBA lender surveys show
by Matt Carter Jan 10
65% of millennials would still buy a home if interest rates were 10%
Clever Real Estate's latest survey revealed the sacrifices millennials are willing to make to buy, including taking on higher interest rates, buying major fixer-uppers and working multiple jobs
by Marian McPherson Jan 10
RE/MAX CEO examines alternative paths to homeownership
RE/MAX CEO Nick Bailey says it's time to change the narrative on homeownership through education and solutions-oriented service
by Nick Bailey Jan 10
For Rent sign in a window
The median asking rent fell 0.8% year over year during the last month of 2023, according to a new report by Redfin, which attributes the fall to an increase in supply
by Ben Verde Jan 9
Rates will continue to fall in 2024, consumers say in record numbers
A record number of consumers surveyed by Fannie Mae expect mortgage rates to keep falling, a 'significant shift' in expectations that could free homeowners from the so-called 'lock-in effect'
by Matt Carter Jan 9
Economic Outlook: Recession may be what drives rates down in 2024
Does the rapid slowdown in the economy mean a recession is now inevitable in the new year, or is a 'soft landing' still possible? Economists are divided on the nation's economic outlook for 2024
by Matt Carter Jan 8
Chicago landlord, business groups sue to block transfer tax hike
Voters are set to decide whether to increase the tax paid on real estate sales above $1M. Landlords and business groups say referendum violates the state constitution
by Taylor Anderson Jan 5
LA sued for canceling Mohamed Hadid's spec home permits
J. Michael Issa of B. Riley Financial is alleging in a lawsuit filed in LA Superior Court last month that the city reneged on its word that permits on the property's building site were still active
This city in upstate New York is Zillow's hottest market of 2024
Zillow is once again predicting that more affordable markets will be the ones to watch in 2024, with Buffalo, New York, taking the top spot
by Ben Verde Jan 4
Homebuyers are now paying $400 less per month than in October
After rates fell from October highs, homebuyers with a new mortgage are paying about $400 less each month. Still, there's no buying spree — yet
by Taylor Anderson Jan 4
It's official: NAR reports first full-year membership dip since 2012
The membership of the National Association of Realtors shrank by 1.7% last year as the trade group weathered a tough market and major lawsuits
by Daniel Houston Jan 4
Corcoran Sawyer Smith enters Pennsylvania with new acquisition
With the acquisition of Weidel Real Estate, the New Jersey-centered Corcoran Group franchisee is adding 180 agents and seven new offices to its ranks as it breaks into the Pennsylvania market